The Crash of 1997 (Article) by Hans Hannula
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The Crash of 1997 (Article) by Hans Hannula
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Forex Trading – Foreign Exchange Course
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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
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This material is extracted from the August 1997 Cash In On Chaos Newsletter, published August 25, 1997 by Dr. Hans Hannula, phone 303 452 5566, fax 303 457 9871.
I have departed from the normal format for the Cash In On Chaos Newsletter to bring you a special report. I have a special message. The stock market is dangerously close to a crash.
The first chart shows why I think so. This chart is an overlay of the 1987 market and the 1997 market. I first received a copy of a chart showing this overlay several weeks ago. It came from Larry Pesavento of Tucson, AZ. Larry is a very experienced trader and market master, so I respect his view immensely
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